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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Rules Configuration | 30% | - Account rules and mapping sets - Event model and event classes/types - Supporting references and accounting methods - Description and journal line rules |
| Transaction Processing | 15% | - Transfer to General Ledger - Transaction validation and error handling - Create Accounting process |
| Source System Integration | 20% | - File-based data import and mapping - Register source systems - Define transaction objects and attributes |
| Reporting and Inquiry | 15% | - Accounting Hub reports and dashboards - Reconciliation and diagnostics - Journal inquiry and drill-down |
| Implementation and Security | 10% | - Implementation lifecycle - Troubleshooting and best practices - Role-based access control |
| Accounting Hub Overview | 10% | - Architecture and core concepts - Subledger Accounting (SLA) overview - Business benefits and use cases |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?
A) Unlimited
B) One
C) Two
D) Three
2. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you set up an account rule that is based on leased and owned trucks?
A) Set up a lookup value.
B) Set up a mapping set rule.
C) Set up a value set rule.
D) Set up an account source in the source system file and derive the value.
3. Which is used to track a specific transaction attribute on subledger journal entries?
A) value set rules
B) account rules
C) lookup value rules
D) supporting references
4. What is the required date format used to import accounting transactions to Accounting Hub Cloud?
A) MM-DD-YYYY
B) YYYY-MM-DD
C) DD-MON-YYYY
D) The user can customize the date format
5. You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
A) The account override feature provides an audit trail by preserving the original subledger journal entry.
B) The account override feature adjusts the original source transaction.
C) The account override feature allows users to record a reason for the adjustment.
D) The account override feature is only intended to correct subledger journals that have been posted.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A,C |






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